TraceGains Inc.

Westminster, CO -- (SBWIRE) -- 11/13/2014 -- How food companies build a process that delivers cost and value improvement every year was profiled by Bill Michels, a leading expert in purchasing and supply chain management, during a TraceGains event. Michels covered the supplier relationship management process, identifying which suppliers are good candidates for supplier relationship management (SRM), as well as how companies can drive collaboration with suppliers.

The need to establish clear processes through which buyers and suppliers interface and collaborate.

Michels has worked with some of the world's greatest companies across a wide spectrum of industries and countries transforming procurement and the supply chain. While supply chain management, risk, global sourcing, strategic planning, cost, and change management are Michels’ major focus, he also developed many innovative methodologies theories, practices, and tools for the transformation of procurement and the supply chain.

TraceGains digitizes all incoming supplier documents, making them easily searchable. TraceGains also extracts critical data and analyzes them against customer-specific business and compliance rules, alerting stakeholders to any non-compliance.

TraceGains’ customers boast a four to six month return on their investment. TraceGains is Food Logistics Top 100 software and technology providers. Learn more about conquering the supplier data revolution at: http://www.tracegains.com/supplier-data-revolution. Follow TraceGains on Twitter @TraceGains.